The Wannanup property market continued to sit above the $1 million mark during August, recording a median dwelling price of $1.05 million. The median was 22.1% higher than 12 months earlier.
Ten sales were recorded, with 33 properties listed for sale. The median selling period was 25 days.
The Wannanup land market recorded a median price of $550,000, while the Wannanup rental market recorded a median rent of $640 per week. Seven properties were leased, with a median leasing period of only 15 days.
What This Means
Sellers considering Wannanup real estate remain in a market where the median dwelling price exceeds $1 million, although increased stock gives buyers more choice. For investors, the 15-day median leasing period provides a useful indication of August rental activity.
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